Best SBA Lenders in Hilton Head Island, SC (2026)
2025 FOIA data: top lenders, rates & industries for Hilton Head Island SBA loans
SBA Loans in Hilton Head Island, South Carolina
Looking for an SBA loan in Hilton Head Island, South Carolina? Based on 2025 FOIA data, 26 SBA 7(a) loans were funded in Hilton Head Island totaling $16.4M, supporting an estimated 244 jobs. With 14 active lenders competing for business in the Hilton Head Island market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Hilton Head Island is $630K at an average rate of 10.21%. The top lender in Hilton Head Island is Byline Bank, with the most-funded industry being Pet Care (except Veterinary) Services. See all South Carolina SBA lenders for statewide rankings.
SBA Loans in Hilton Head Island by Business Type
Whether you’re starting a new business in Hilton Head Island, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 14% of SBA loans in Hilton Head Island (6 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 59% (6 loans) — if you’re looking to buy a business in Hilton Head Island, this is a proven use case for SBA financing. Existing businesses make up 24% and typically receive the most favorable terms.
Top SBA Lenders in Hilton Head Island, SC (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Hilton Head Island businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Byline Bank | $4.2M | 1 | 10% |
| 2 | Live Oak Banking Company | $2.9M | 1 | 8% |
| 3 | The Huntington National Bank | $2.3M | 2 | 8.25% |
| 4 | Synovus Bank | $1.1M | 3 | 9.67% |
| 5 | Beacon Community Bank | $1.0M | 2 | 10% |
| 6 | Platinum Bank | $908K | 2 | 10% |
| 7 | Truliant FCU | $842K | 1 | 10.75% |
| 8 | Countybank | $805K | 1 | 10.25% |
| 9 | Readycap Lending, LLC | $682K | 3 | 11.67% |
| 10 | TD Bank, National Association | $648K | 5 | 9.95% |
The top lenders in Hilton Head Island have direct experience with local businesses and understand the Hilton Head Island market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Hilton Head Island and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Hilton Head Island
One 5-minute application. 14+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Hilton Head Island
These are the industries that received the most SBA 7(a) funding in Hilton Head Island in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Pet Care (except Veterinary) Services | 2 | $3.4M |
| Offices of Physicians (except Mental Health Specialists) | 3 | $2.3M |
| Full-Service Restaurants | 2 | $955K |
| Fitness and Recreational Sports Centers | 2 | $908K |
| Plumbing, Heating, and Air-Conditioning Contractors | 1 | $842K |
| Residential Property Managers | 1 | $671K |
| Insurance Agencies and Brokerages | 1 | $500K |
| Brick, Stone, and Related Construction Material Merchant Wholesalers | 1 | $459K |
| Upholstered Household Furniture Manufacturing | 1 | $397K |
| Other Clothing Stores | 1 | $248K |
Lenders with experience funding your specific industry in Hilton Head Island understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Hilton Head Island
Option 1: Apply directly to one of the top Hilton Head Island lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Hilton Head Island-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
